Jevons paradox
English
Etymology
Named after English economist William Stanley Jevons.
Pronunciation
/ˈdʒɛvənz paɹədɒks/
Proper noun
Jevons paradox
- (economics) The proposition that technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.
Synonyms
- Jevons effect
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